Class B-3 Pass-Through Rate definition

Class B-3 Pass-Through Rate. For the first Distribution Date, 4.120% per annum. As of any Distribution Date thereafter, the least of (1) One-Month LIBOR plus the Class B-3 Margin, (2) the Weighted Maximum Rate Cap and (3) the Available Funds Cap for such Distribution Date.
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Class B-3 Pass-Through Rate. For each Distribution Date, the lesser of (i) LIBOR as of the related LIBOR Determination Date, plus the Class B-3 Certificate Margin and (ii) the related Rate Cap for such Distribution Date.
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Class B-3 Pass-Through Rate means (i) on any Distribution Date which occurs on or prior to the Optional Termination Date, the lesser of (1) One-Month LIBOR plus 1.150% per annum and (ii) 11.00% per annum and (ii) for each Distribution Date thereafter, the lesser of (1) One-Month LIBOR plus 1.725% per annum and (ii) 11.00% per annum, in each case subject to a cap equal to the related Net Rate Cap for such Distribution Date.
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Examples of Class B-3 Pass-Through Rate in a sentence

  • Interest will accrue on the Class B-3 Certificates during each Interest Accrual Period at the Class B-3 Pass-Through Rate.

  • The Class B-3 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the lesser of (i) the sum of one month LIBOR plus the Class B-3 Certificate Margin and (ii) the related Rate Cap for such Distribution Date.

  • The Class B-3 Pass-Through Rate on each Distribution Date will be a rate per annum equal to the sum of one month LIBOR plus the Class B-3 Certificate Margin.

  • Class B-3 Pass-Through Rate: The Pass-Through Rate for the Class B-3 Certificates for the Interest Accrual Period related to any Distribution Date on or prior to the first related Initial Optional Termination Date will be a per annum rate equal to the lesser of (i) one-month LIBOR + 2.2500% and (ii) the Aggregate Net WAC Cap.

  • Class B-3 Pass-Through Rate: The Pass-Through Rate for the Class B-3 Certificates for the Interest Accrual Period related to any Distribution Date on or prior to the first related Initial Optional Termination Date will be a per annum rate equal to the lesser of (i) one-month LIBOR + 3.0000% and (ii) the Aggregate Net WAC Cap.


More Definitions of Class B-3 Pass-Through Rate

Class B-3 Pass-Through Rate. For any Distribution Date on or before the Initial Optional Termination Date, the least of (1) 6.250%, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date; and for any Distribution Date after the Initial Optional Termination Date, the least of (1) 6.750%, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.
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Class B-3 Pass-Through Rate. A per annum rate equal to 7.525%.
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Class B-3 Pass-Through Rate. As of any Distribution Date, the least of (1) 5.00% per annum, (2) the Maximum Rate Cap and (3) the Available Funds Cap for such Distribution Date.
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Class B-3 Pass-Through Rate. For each Distribution Date, the least of (i) (a) on or prior to the Optional Termination Date, 6.000% per annum and (b) following the Optional Termination Date, 6.500% per annum, (ii) the Net WAC Cap and (iii) the Maximum Rate Cap.
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Class B-3 Pass-Through Rate. For the first Distribution Date, 7.500% per annum. As of any Distribution Date thereafter, the least of (1) (x) as of any Distribution Date up to and including the Initial Optional Termination Date, 7.500% per annum or (y) as of any Distribution Date after the Initial Optional Termination Date, 8.000% per annum, (2) the Weighted Average Available Funds Cap for such Distribution Date and (3) the Weighted Average Maximum Rate Cap for such Distribution Date.
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Class B-3 Pass-Through Rate. For each Distribution Date, the lesser of (i) the Class B-3 Fixed Rate and (ii) the related Rate Cap for such Distribution Date.
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Class B-3 Pass-Through Rate. With respect to each Distribution Date, the least of:
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